Julia's Wings Foundation Inc

Nonprofit profile at a glance

EIN
462766370
IRS 990-EZ coverage
2014–2023
Forms available
Form 990-EZ 2023, Form 990-N 2013
Location
Sherman, CT, USA
Phone
2039480851
Rating
94
Verdict
STRONG
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.

Official website

Reported finances

Revenue
$37,060
Expenses
$79,418
Assets
$39,891
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • MICHAEL MALSIN (PRESIDENT/CO-FOUNDER)
  • HEATHER MALSIN (VICE PRESIDENT/CO-FOUNDER)

People named in this filing

  • ANNIE SWANSON (DIRECTOR)
  • DORIS CLARK (DIRECTOR)
  • MICHAEL MALSIN (PRESIDENT/CO-FOUNDER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The julia's wings foundation (jwf) is a non-profit charitableorganization that provides financial assistance to families ofchildren with life threatening hematological diseases and to medicalprofessionals for healthcare research. The foundation providesfinancial support to these families to cover costs of travel, lodging, and other living expenses for qualified participants. Inaddition, julia's wings foundation seeks to promote the advancementof research for aplastic anemia through contributions toorganizations and individuals dedicated to this endeavor.

What it reported doing in 2023

The julia's wings foundation financially supports families who arecaring for a critically ill child being treated for aplasticanemia away from home. The hope is that it will enable families to stay together during extended hospitalizations and ease thefinancial burden placed on them during the course of the illness.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 100
  • Sustainability: 27
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97%; rating input score 97

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -114.3%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0.5; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 6.5% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: -1.1% per year; rating input score 0; 49th percentile among comparable filings
  • Asset growth: 4.2% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 97% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $77K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 9 filing years from 2014 to 2023
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 8/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.